Veeva Systems Inc. (VEEV) Director Paul J. Sekhri Sells 17,593 Shares
Veeva Systems Inc. (NYSE:VEEV) Director Paul J. Sekhri sold 17,593 shares of the business’s stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $37.73, for a total transaction of $663,783.89. Following the transaction, the director now directly owns 21,108 shares of the company’s stock, valued at $796,404.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Veeva Systems Inc. (NYSE:VEEV) opened at 37.88 on Monday. Veeva Systems Inc. has a 12-month low of $19.97 and a 12-month high of $42.58. The stock’s 50 day moving average is $40.17 and its 200-day moving average is $34.38. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 102.38 and a beta of 1.58.
Veeva Systems (NYSE:VEEV) last announced its earnings results on Tuesday, August 30th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business earned $131.30 million during the quarter, compared to analysts’ expectations of $126.61 million. Veeva Systems had a net margin of 11.33% and a return on equity of 11.26%. The firm’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS. On average, analysts anticipate that Veeva Systems Inc. will post $0.60 EPS for the current fiscal year.
A number of research analysts have issued reports on the stock. KeyCorp boosted their target price on shares of Veeva Systems from $35.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, August 31st. Morgan Stanley reaffirmed a “buy” rating and issued a $44.00 price target on shares of Veeva Systems in a research note on Tuesday, August 16th. Raymond James Financial Inc. started coverage on shares of Veeva Systems in a research note on Wednesday, August 24th. They issued a “market perform” rating for the company. Zacks Investment Research lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a research note on Monday, September 5th. Finally, Stifel Nicolaus upped their price target on shares of Veeva Systems from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, September 30th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Veeva Systems currently has an average rating of “Hold” and an average price target of $41.46.
A number of large investors have recently bought and sold shares of VEEV. Emerald Mutual Fund Advisers Trust boosted its stake in Veeva Systems by 3.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,038,773 shares of the company’s stock valued at $35,443,000 after buying an additional 37,926 shares during the last quarter. Teachers Advisors Inc. boosted its stake in Veeva Systems by 26.6% in the first quarter. Teachers Advisors Inc. now owns 66,421 shares of the company’s stock valued at $1,663,000 after buying an additional 13,946 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Veeva Systems during the second quarter valued at $1,486,000. William Blair Investment Management LLC bought a new stake in Veeva Systems during the second quarter valued at $75,081,000. Finally, Quantitative Investment Management LLC boosted its stake in Veeva Systems by 161.2% in the second quarter. Quantitative Investment Management LLC now owns 75,500 shares of the company’s stock valued at $2,576,000 after buying an additional 46,600 shares during the last quarter. Hedge funds and other institutional investors own 70.69% of the company’s stock.
About Veeva Systems
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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